Member Article

Strong demand for new financial services

A financial services business launched by leading North East commercial and residential property specialist Bradley Hall has smashed through the £10m mortgage barrier in only seven months of trading.

BH Financial Services, part of the BH Group of companies, has exceeded initial targets and has restructured to accommodate customer demand.

James Hill, a financial specialist with more than 20 years’ industry experience, heads BH Financial Services, with a focus on providing commercial mortgages, business asset finance along with commercial and private vehicle finance.

More recently BH Mortgage Services was established to provide a bespoke residential mortgage brokerage service, headed by Lewis Chambers.

This comprehensive range of financial services, approved and regulated by the Financial Conduct Authority (FCA), is available through the growing network of Bradley Hall estate agency offices – in Grey Street and Gosforth, Newcastle; Durham; Morpeth and Alnwick.

James Hill said: “We knew there was an appetite for a professional finance broker when we established the business at the start of 2016. However, it’s fair to say we didn’t fully appreciate the demand there would be in both the commercial and residential markets.

“Many Bradley Hall clients want a one-stop-shop service, whether that’s helping source a really competitive mortgage on a home or a commercial loan or a better deal on their motor finance.”

Several large commercial loans are close to completion, allowing local businesses to expand their premises for future growth.

One of the key drivers of growth in the residential mortgage market is the fact BH Mortgage Services charges no fees to arrange a mortgage. Most other mortgage brokers take both a fee and a commission from the lender.

Lewis Chambers explained: “We’re trying to be as fair and transparent as possible when it comes to charging our customers. We have access to thousands of the latest mortgage deals, focus on getting the best deal and we only take a commission from the lender when our customer gets their house.”

While much of the current workload is coming through referrals within the Bradley Hall network, BH Financial Services is securing new work outside of this.

James Hill added: “To maintain and accelerate growth we recognise that BH Financial Services has to win work independent of the group. Our growing reputation and ability to compete so aggressively should be a winning combination for many people on the coming year.”

For more details visit www.bradleyhall.co.uk or www.bhfinancialservices.co.uk or call 0191 260 200.

This was posted in Bdaily's Members' News section by BH Financial Services .